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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - January 17, 1972, Lethbridge, Alberta Strong gain made by gold stocks TORONTO (CP) Gold 1s- MWf recorded strong gains as prices in most major sectors o the Toronto stock market climbed higher in moderate mid-morning trading today. The gold index was up 4.46 to 164.34, industrials .22 to 194.33 base metals .24 to 86.02 ant western oils .68 u> 226.58. Volume by 11 a.m. was shares, down from at the same time Friday, Advances outnumbered de clines 135 to 98 with 185 issues unchanged. Beverage, chemical pipeline general manufacturing and oi refining stocks posted broad ad vances. Banking, communica- tions, merchandising, paper ant forest and steel issues edged moderately lower. Rank was up to Pa- cific Pete 'A to Pan Ocean Vi Dominion Glass Vt to Texas Gulf Sul- phnry4 to Bell rose tt to BP Can- eda to TransCanada Pipelines Vt to ?39, Imasco to and Dome Mines 1 to Canadian Imperial Bank fell to Tara H to Scurry-Rainbow Vi to Mat- tagami to International Utilities Vs to and Voyager five cents to LIGHT TRADE MONTREAL (CP) Prices were up in all sectors in light trading on the Montreal stock market today. Combined volume on the Montreal and Canadian Stock Exchanges at 11 a.m. was shares, compared with at the same time Friday. On index, industrials rose .27 to 200.50, utilities 1.01 to 163.30, banks .25 to 246.01, the compos- ite .42 to 198.40 and papers .27 to 85.12. Alberta Gas climbed 1 to Pacific'Petroleums to and Dominion Lime to Credit Fonder dipped to and Canada Cement La- large to Vtavt. DJA OFF NEW YORK (AP) Bluechip Issues slipped slightly today while the stock market as a whole moved cautiously ahead. Trade was moderate. The noon Dow Jones average of 30 Industrials was off 0.30 at 906.38. Advances on the New York Stock Exchange led de- MST, COMFORTABLE AIR CHARTER SERVICE UK our write-yow- own-ichedule charter lervice ...for robtine businen or pleas- ure tript, tudden unexpected emerfeneiea, direct airline con- nections.. Modern, quiet, com- fortable Piper airplanes..single or twin-engine..flown by expert Quite often the time and ex- peauet you uve mean real mon- ey idv.ngi, too. Nezt out-of- town trip let us take you in your own personal To schedule trip or for more de- tails just phone: LETHBRIDGE AIR SERVICE LTD. P.O. In (50 Hunger No. 7 K.nyon Field, Lathbrldgs 327.1561 clines by more than S to 2. said selective buying more ttaa offset profit-tiling pressures. Among Canadian Issues on the NYSE, Mclntyre Porcupine rose a point to Dome Mines H to f61tt; Distillers Seagrams to 535% and Massey to Off were Walkef-Gooderham, at and International Nickel, at J33V4. Pest control plan fights use of DDT WASHINGTON (AP) The United States government is un- dertaking a multl-irilllon-dollar new pest-control program that backers say is aimed at sharply cutting the amount of DDT and other chemical pesticides used by fanners. The agriculture department, the Environmental Protection Agency and the National Sci- ence Foundation will join in "a broad new pest management ac- tion and expanded research program to help farmers control aests more economically and Agriculture Secre- tary Earl L. Butz said Friday. While announcing the new program, Butz told the National Press Club that society has gained much through the use of 3DT and other chemicals but these "have their problems, and we're looking for biological means of control GO TO can con- trol pesticides and not have the )robletn of residues." The new program, to be aimed first at cotton because of the extensive use of chemical pesticides used to control such jests as the boll weevil, "pro- rides for a combination of jiemlcal, biological and cul- izral pest control technltnjes as well as long-range pest control Butz said. Freight rates to rise MONTREAL (CP) In create! from three to eight per cent on certain rail freight ship- ments are planned next moot by Canada's major railways. The ZS-raember Hallway Asso- ciation of Canada, which repre- sent! the CNR and CP Rail a well as smaller lines, ufd it plans Increases Feb. 14 on "cer tan normal and competitive rail freight charges." A statement from the assoda tion received by newspaper! Sunday said the increases woul.m Hud lay Oil Pld S7.W Mutual Ac 4.15 Hugh RWiell ls.75 Mutual .Or 5.4D Husky Oil 1M2V4 Nat Raa ll.tJ'A Husky Oil B 42.50 N W Fin H.oo Husky Oil War N W Gr inler Prov Plpt 15.1JV4 Principal Gr Inler Prov 1.11 gOYfund. Kaiser Raa Mar Manag Pacific Pala Ralnlar Teledyna West Cdn Seed White Yukon CALSARY Acroll Barons Oil Madison Norlh Cont West Warner PIPELINE STOCKS Alia Gas Tr U A S4.00 SM T 5.31 I.U 7.17 7.14 4.74 ill 5.M 1.44 4.9 4.H til IM 1.41 1.11 Ml 7.82 I.St VANCOUVER MINI! 4.45 Anuk 91 11.I7V4 Arctic Mining '.lltt Alias Explor rt .55 Bath Norn 1.30 .05IA Brenda 5.4D .11 Churchill Copper l.oo MM crovdtn .14 42 Danko. 13 Dolly Vertttn '.13'f, Dynastr i.n Alia Gas Tr L Pld Ff' All. NatGas 5.35 Inland Nat Gal N and C Gas N and C B Pld Pacific Gas Tr Get Melro SB Mlntrl11 Primer MO '-70 .10 r Tf Cd" ID- MUTUAL FUNDS All Cdn Com All Cdn Dlvld All Cdn Vent Amr Gr F AGF Special Cdn Invest F Col Mutual Cmnw inter Cmnw Lev 31.50 37.50 26.25 15.50 10.00 35.15 34.25 19.50 4S.W Valley WC Res .06! INDUITKIALI ____ Block Broi 3.4D 8.42 9.20 B.C. Sugar f.39 10.2t B.C. Guoir Pld 16.00 3.72 4.06 Capt Inter s.tVA 7.05 Crestbrook F Ind 4.10 3.1B Growers B 3.65 4.9A 5.44 Key Indust 1.29 6.30 701 Hri 3.35 13.90 1127 Interior Brow 3.90 3.5B l.n Itiler Mariner .78 7.00 Carp Invest 5.87 6.42 OKanagan Hellcop Corp In St F SOI Pacific W Air 14.25 Driylu: F U.S. 12.11 14.04 Stamped! Intl Ru 1.02 Gr In Shera 3 74 4.11 OILS Gr Equity 7.47 Albany Oil] .51 invest Gr F 11.77 12.U pialm Pete Invest Mutual JW 6.23 Wnt Ciplor .13 Toronto mines., industrials (Supplied By Richardson Sectuitici of Cinidi) a.m. Quotes) MINES Acme Advocate Alb, AKellcho Bralorne Broulen Betnlenem Brunswick Canada Tung. Cassler Central Pat, CMmo Con west cons. Rambler Coin Lake Cochtnour Cralgmont Dlckenson Mines Dmlion Mines Deer Horn D'Eldona Dome Mines Donalds Discovery Mines Malarllc East Sullivan Falconbrldge First Giant V.K. BoVli Granduc Headway R.L. Htillnger XI 2.05 .46 2.21 .Iff, 1925 in 1-73 20.00 1.90 US 1.40 1.74 .10 .11 110 .as 26.00 tU'A 61.25 .07 .62 1.4! 3.J5 17.50 .39 .55 1.15 2.00 5.00 B.iO 39.75 LAST BID Oft SALE a.m. auoles) Norlex Oslsko Pine Point Placer Deve. P-C. Exp. Quebec Man Rayrock Radlore Rio Algom Roman Corp. Sherrltt Gordon Silver miller Sleep Rock Tek Corp. Texmont Upper Canada Western Mines Wrljhl Hargrjavesl.U Wlllroy .11 Windfall -W Yellowknlle Bear 4.70 Zenmac .08 INDUSTRIALS a.m. euotat) .M 27.75 21.00 .61 .1214 1.26 .13 17.00 6. iO 14.7S .05 2.45 5.55 .11 1.15 3.05 Hudson Bav M.S Hydra Ex. Iron Day ISO MM Quebec Ken- Addlson Key Anacon Labrador Lake Shore Lengls silver Madsen R L. Malgrllc G.F. Martin McNeely Maclntyre Mela Mldrlm Intern Mogul New West Home New Athona New calumet W. Horse Copper Noranda Norlnsate .21 3.35 1.4J IVfi 1.10 .25 J8.25 2.50 .01 .71 .a 11.00 .12 .20 9.55- .ll'A .Z7Y1 2.31 35.50 5.50 Ablllb! Alran Algoma Steel Atco Ind Allen Sugar Aqra Indust Bell Tel Braill Trac B.C Burn! B.C. Forest B.C. Sugar Bow Valley CAE Ind Cdn Brew Chemcell Col Cellulose Cal Power Coron Credit CWN Gas Cdn Indust Cdn s s Cdn Marconi Cdn vicneri Chrysler CPR comlnco Cons Bath Cons Gas C.W.N. Gas Dlit Set. Dom Bridge Domtar Dom Textile Dom Stores 7.6214 20.00 13.87U 150 7.00 9.37W u.av, 19.75 13.75 23.on 19.42'A 2J.75 5.25 7.50 5.3714 3.30 57.75 1.25 12.00 15.12Vi 40.00 2.95 10.00 29.50 14.75 20.50 1.50 20.75 22.25 33.75 2375 13.12V4 23.00 15.00 Dome Pete DoTacco CAB Ft of Amer Gl Cdn Oil Gen Motors Gt LeKe> Pap Gulf Oil Ue Greyhound Hawker Sid Huron. Erie Hiram Walk imperial oil Imasca Int Nickel Int Pipe Inv Gp A int muitln Indust Accept Laurentlde Kelly Doug A Loeb Loblaw A Melro Stores Massey Ferg McMillan Bloe Moore Corp Moison A MolsonsB Norlh, Cent Power Corp Price Co Rorhinans St Law Corp Shell CDA Slmpson'6 Simp Sean Sleel of Can Mklrk A Texaco Traders Gp A Trans Mtn Pp Trans Con Pp Union Gas; Union Oil Versatile Mrg Westeel Union Car weston'i B Woodward's A West Cdn Sd Zenith Elec BANK! Can Imperial Montreal Nova Scolla Royal Tor-Dom S3.75 24.75 5.2S 13.50 11.00 28.00 17.J5 2.75 21.00 45.50 32.50 21.75 33.75 1.50 45.00 21.37IA 11.75 4.50 15.50 12.1214 25.75 41.25 21 .4214 21.25 15.75 7.3111 17.00 .20.50 37.75 24.1714 3000 24.75 19.00 37.75 17.25 39.00 46.00 4.00 15.50 15.50 11.75 25.75 4.40 2.40 27.00 20.00 33.00 31.25 Amr T and T Anaconda Betn Sleel Chrysler Comsat Dupont Gulf Int Harvesler Kenn Copper New York stocks (Supplied By Richardson Securities of Canidi) Sean 20 Galas 1M.53 H rf N.J. Base MtltS.tiu, .m ap.l2'A Texas Gulf 15 'urn Taxaj Co n.ajvs Volume l.mow B.B7'A Wlckes Corp YORK ISu.JZVi Woolworlh U.25 30 Indust 906.31 oil 13.42V! Westlnghouse ElK ii.K'f, m Rails 250.24 Up 1.74 U.S. Steal 31.B 1! Ullllllei oH M JUU TORONTO AVERAGES i! Stockl 13 up .61 Moilgomery Ward n.rTVi 30 Indusl 194.46 up 35 Volume Livestock report Lethbridge Livestock AFTERNOON SALE Calgary livestock CALGARY (CP) Receipts 0 11 a.m. today on the Calgary vestock market were 160 head nd mostly slaughter cows. Light trading was due to bliz- zard conditions. Trade was active on all class- 1 and grades of slaughter cat- e. Few slaughter steers and tetters sold steady with last week's close. Cows were fully teady, bulls steady. Good to choice steers 32.75 to 84.30, medium 31.75 to 32.7S. Good to choice heifers 30.50 to 31.90, medium 29.25 to 30.50. Good cows 21.75 to 22.50, medi- um 20.50 to 21.75, oanners and cutters U to 20.50. Good bulls 25 to 27. TTiere were insufficient re- placement cattle on offer to establish quotations. Few stock calves sold were medium to good stock heifer calves. Good stuck heifer calves 33 to 38.50 depending on weight. Hogs average base price 24.90. APPLICATIONS ARE NOW BEING ACCEPTED FOR EXPERIENCED MANAGERIAL PERSONNEL IN RETAIL FIELD Excellent future with Canada's fastest growing depart- ment store. Salary to commensurate with exptrltnci. Apply in person or addreu PERSONNEL DEPARTMENT WOOLCO DEPARTMENT STORE, 2025 MAYOR MAORATH DKIVI Pension fund investments mount up OTTAWA (CP) Ite OUada ponton plan inverted KM mil- lion, moit of it in provincial government bonda, u i result (K iti 1971 operation, the fi- nance department reported Fri- day. The comparable figure tor iSTO Wic ruulivu. Finds raised by the fund from pension contributing and Dot needed for benefit pajrmenta each montti are made available for provincial government bor- rowing in me form of special non-marketable bonds. The bor- rowings pay interest to the fund at rates similar to federal gov- ernment bonds. The million Invested by the pension fund in 1971 was made available to the provinces on the basis of contribution collections from those prov- inces. Ontario borrowed million and British Columbia, million. Other borrowings were: New- foundland million; Prince Edward Island million; Nova Scotia J35.8 million; New Bnmswick million; Mani- toba million; Saskatchewan 543.3 million end Alberta million. Quebec operates its own pen- sion plan apart from the Can- ada pension plan, but collections for federal employees in that province made million available for Quebec provincial borrowing. Snowslides trap train PRINCE RUPERT, B.C. (CP) A CNR passenger train and its 14-man crew, trapped by snowslides for almost 60 hours, returned to this city Sunday uight after snowplows had cleared the line. The train, with 24 passengers aboard in addition to the crew, left Prince Rupert early Friday for Jasper, Alta., but was halted by snowslides about midway be- tween Prince Rupert and Ter- race, 90 miles to the east. The train was trapped when snows- lides thundered down behind it. The passengers were airlifted out Saturday by a transport de- partment helicopter that .used the frozen surface of the nearby Skeena River as a landing strip. There were no injuries. Mwidiy, Junucry 17, If72 THI UTHMIDOI HHAIO II Alberta probes gas sales prices EDMONTON (CP) The Al- berta government bu asked the Energy Conser- vation Board to hold I special hearing into natural gaa field prices, Premier Peter long- becd said today. He told a news conference the government is concerned "whether or not the people of Alberta, through their govern- ment, are receiving a sufficient return for the sale of this de- ipleting natural resource un- der current and contemplated market conditions in North America." The government had a re- sponsibility to determine whether Alberta was receiving maximum benefits from the marketing of its natural gas outside the province. The board administers legis- lation dealing with out-of-prov- ince sales of non-renewable re- sources. Mr. Lougheed said It has been asked to advise the gov- ernment on factors which in- SPEED UP MARRIAGES COLOGNE CReuter) To re- duce staff and save money, the debt-ridden West German city of Oilogne has ordered its 10 registrars to cut down the civil marriage ceremony to 10 min- utes by omitting the customary to newlyweds. Grain prices Winnipeg Grain WINNIPEG (CP) Trading was active in the oilseeds and quiet in feed grains at mid- session of the Winnipeg Grain Exchange today. Rapeseed was five to 10 cents stronger on the basis of a U.S. soybean crop report which esti- mated the yield would be 31 million bushels less than the previous estimate. Flax was one to two cents higher ,on good overseas de- mand. Oats, barley and rye were quiet with some domestic buy- Ing and the wheat board sup- plying offers. Volumne of trade Friday In- cluded bushels of flax, of rye and of rareseed. MID-SESSION PRICES Flax: May higher 2.65H, July 1% higher 2.6414. Oct. IS higher 2.60B. Rapeseed Vancouver: Jan. higher 2.47, March 6% high- er June 614 higher 2.50y4, Sept. 6 higher 2.49. Rapeseed Thunder Bay: May 5% higher July 5% high- er 2.39, Oct. 10 higher 2.40. Oats: Mail unchanged July higher Barley: May 14 higher 1.06V4A, July unchanged l.OSKA, Oct. unchanged 1.08. Rye: May unchanged 9MB, July lower Dividends By THE CANADIAN PRESS Royal Bank of Canada, 23 cents March 1, record Jan. 31. fluence field prfcmf provisions in existing con- tracts, present and anticipated prices tod possible modolei- tkms or alternatives to the pre- sent pricing system. Contracts awarded EDMONTON (CP) Trans- port minister Clarence Copl- thorne today announced award- ing of three contracts, two to a Red Deer firm. M. E. L. Paving Ltd. of Red Deer, was awarded a contract covering crushing and stockpiling gravel to aspbaltlc concrete base pavement for High-ray 7 from Black Dia- mond to Longvlew. M. E. L. Paving Ltd. of Red Deer, was also awarded a 480 contract covering crushing and stockpiling gravel for as- phaltic concrete pavement for High River. W. C. Wells Construction Ltd. of Edmonton was awarded a contract covering crushing and stockpiling of gra- vel for seal coat for Highway 1 from east of Strathmon to east of Gleichen and from west of Ohestermcre Lake to east of junction Highway 9. JOINS BENT'S SALES STAFF STEVE TOM1E Brent Logan, General Salfti Manager, Beny Chevrolet Oldimobile is pleased to an- nounce that STEVE TOM1E hoi joined their lalci staff. Steve wai born In Taber and has spent all hii life In Southern Alberta. Ha it a married man with 4 married children. He has been In the automobile idea field for over 20 yean. Steve his many friends and former cuitomen throughout the south to him at Beny's for their motor- ing He will .be motf pleased to assist them. FOR THOSE COLD JANUARY EVENINGS HAVE A COMPLETE SET OF FIREPLACE TOOLS ACCESSORIES We have a complete stock of all styles and finishes! N A GOOD SELECTION OF DRY BIRCH AND CEDAR FIREWOOD BIRCH 17.25 CEDAR 12.25 :HAI OR USE YOUR CRESTLINE BUDGET PLAN NO DOWN PAYMENT CRESTLINE BUILDERS MARKET LTD. 'LETHBRIDGE'S INDEPENDENT BUILDING SUPPLY HEADQUARTERS" 123 30th St N. Phone'327-5444 or 327-5110 ;